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Competitive Marketing Strategy

In: Bending the Law of Unintended Consequences

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  • Richard M. Adler

    (DecisionPath)

Abstract

This chapter illustrates how the test drive method supports critical decisions about competitive strategy. The example focuses on strategic marketing decisions in the pharmaceutical industry. Sections 10.1 and 10.2 explain the structure of the market for prescription drugs and how pharmaceutical companies market to this sector. Section 10.3 describes a test drive model for competitive drug marketing decisions, while Sect. 10.4 presents results from a test drive simulation and analysis for a realistic critical marketing decision. Section 10.5 explains why the decision test drive solution is superior to competing analytic approaches. A video is available that explains and demonstrates this test drive solution (Video 10.1).

Suggested Citation

  • Richard M. Adler, 2020. "Competitive Marketing Strategy," Springer Books, in: Bending the Law of Unintended Consequences, chapter 0, pages 153-171, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-32714-9_10
    DOI: 10.1007/978-3-030-32714-9_10
    as

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